The story of this market
The typical home in ZIP 04040 sells for about $620,522, or $336 per square foot.
Prices are up +1.8% from a year ago, so sellers still have some momentum. Homes take about 30 days to sell. HUD's fair market rent for a two-bedroom is $890 a month.
ZIP 04040 — Harrison
The Kennebunk housing market remains highly competitive with low inventory and steady price appreciation. Demand continues to outpace supply, keeping the market firmly in favor of sellers despite broader economic headwinds.
This area is ideal for families seeking high-quality schools, professionals commuting to the Portland metro area, and those looking for a coastal lifestyle with historic charm.
Median prices moved up 1.8% year over year.
Homes spend a median of 30 days on market with 2.7 months of supply — a fast-moving market.
22% of listings have cut prices · homes sell at 100.1% of asking — demand is running ahead of supply.
no recorded foreclosure-ledger notices (0.0 per 10,000 residents) · unemployment 8.4% · poverty 18.3% — a mixed stability profile.
Researched annual trajectory for this ZIP, from published historical series
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 7.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
Median annual property tax paid on this ZIP's residential parcels
Solid: researched ten-year history · dotted: 1 / 3 / 5-year projection extended from the historical 5.5%/yr trend — a deterministic estimate, not a published forecast or guarantee.
versus the prior ACS vintage
net influx — more people moved in than out
ZCTA 04040, York County ME
Kennebunk maintains a low crime rate compared to national averages, with property and violent crime incidents remaining relatively stable and infrequent.
The area is served by RSU 21, which is generally regarded for providing high-quality public education with strong community support and academic performance.
The coastal geography faces risks from storm surges and flooding, while inland areas are subject to standard New England weather patterns; insurance premiums reflect these regional coastal exposures.
Economic momentum is driven by tourism, local small businesses, and its status as a desirable residential community within commuting distance of Portland.
Composed from the ARED governance burden registry — tier-native tax structure (state + county + city + special districts), never averaged. State (Maine) — Maine Resident Homestead Property Tax Exemption: Provides a reduction in the valuation of the homestead for property tax purposes. The exemption amount is set by state statute (currently $25,000 of the just value of the property). The formula is: (Just Value - Homestead Exemption) * Local Tax Rate = Tax Due.
Residents primarily commute via I-95 toward Portland or Portsmouth, with travel times typically ranging from 30 to 45 minutes depending on traffic.
Kennebunk offers extensive access to coastal beaches, the Mousam River, local golf courses, and a historic downtown district with boutique shopping and dining.
The rental market is tight due to high demand from seasonal workers and long-term residents, with limited inventory keeping upward pressure on rents.
The economy is anchored by tourism, healthcare services, and professional services, with many residents commuting to the larger Portland employment hub.
Local planning focuses on sustainable growth and maintaining the historic character of the downtown area while managing residential expansion.
Parcels are subject to RSU 21 school district taxes and municipal service assessments.
Property insurance costs are influenced by coastal proximity and flood zone designations, requiring careful assessment for homeowners.
Data retrieved from data.census.gov ZCTA 04040 profile.
Public schools whose reported address is in this area (NCES). Not attendance boundaries — schools that serve residents may sit outside it. Check the district's address locator for assignment.
Popular coastal destination for residents and tourists.
Private historic golf course located near the coast.
Cultural institution preserving local history.
Key-figure check: no independent anchor retained yet — first-researched cycles establish the anchor baseline this pass.